Elon Musk Apologizes for Shortchanging Employees on Severance Pay 💼
Elon Musk issues a formal apology after allegations of inadequate severance packages for laid-off employees, raising concerns about corporate responsibility and employee rights under US law.
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According to the Worker Adjustment and Retraining Notification Act, in the US companies with more than 100 employees must provide a predetermined minimum severance if they are laid off en masse with less than 60 days notice. Now, Tesla has admitted to providing “incorrectly low” severance for some of its laid off workers. Veuer’s Tony Spitz has the details.
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441
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Duration
1:16
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Published
Apr 18, 2024
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